Coindesk Logo

Esports Organization FaZe Clan Drops 1 Member, Suspends 3 Following Alleged Crypto Scam

Esports Organization FaZe Clan Drops 1 Member, Suspends 3 Following Alleged Crypto Scam

Esports Organization FaZe Clan Drops 1 Member, Suspends 3 Following Alleged Crypto Scam

Frazier "Kay" Khattri has gotten the boot, while Jarvis Khattri, Nikan Nadim and Jakob Teeqo have been suspended until further notice.

Frazier "Kay" Khattri has gotten the boot, while Jarvis Khattri, Nikan Nadim and Jakob Teeqo have been suspended until further notice.

Frazier "Kay" Khattri has gotten the boot, while Jarvis Khattri, Nikan Nadim and Jakob Teeqo have been suspended until further notice.

AccessTimeIconJul 2, 2021, 2:01 AM
Updated Aug 21, 2021, 12:37 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

FaZe Clan, an esports organization based in Los Angeles, has fired one of its members and suspended three following allegations they wittingly promoted an alleged crypto scam.

According to a statement from the organization on Thursday, Frazier "Kay" Khattri got the boot, while Jarvis Khattri, Nikan Nadim and Jakob Teeqo have been suspended until further notice.

“FaZe Clan had absolutely no involvement with our members' activity in the cryptocurrency space,” the statement reads. “We strongly condemn their recent behavior. The trust and respect of our fans has been, and will always be, our number one priority.”

Accusations stem from the members' purported promotion of the project "Save The Kids" and its token, where they were reportedly paid to promote the altcoin before "dumping" their investments onto the market.

YouTube channel Coffeezilla alleges the members knew the project was a scam ahead of time, despite claiming plausible deniability, and are now attempting to cover up their wrongdoing.

Coffeezilla alleges through "hard proof" that the project and its token weren't designed to help kids but instead were designed from the "outset" to extract money from influencer's fans.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.